Physician Loan In Alexandria Virginia

Whether you are a first time home buyer or buying a new home in Alexandria Virginia, our vetted loan officers have a strong understanding of the local area real estate market and what it really takes to secure your physician mortgage with proficiency and know-how.

Our loan officers in Alexandria Virginia offer specialized financing for doctors, like you.

First off, let’s talk about why physician mortgage loans even exist. The reason is that doctors are really profitable clients for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to secure early career doctors by lending them more money with a lot fewer requirements than their competitions.

Physician Home Mortgage Experts In Alexandria Virginia

If you are searching for a physician home loan in Alexandria Virginia then you came to the right place.

You’ve trained very hard to become a doctor and buying home shouldn’t be nearly as challenging.

Did you know there is a special loan that makes it easy for doctors to buy a home?

A home loan only for doctors?

Yup, doctors get their own loan!

A physician mortgage is a specialty loan program created just for doctors in the home buying process.

We recognize the economic demands of your student loan liability, and how essential it is to maintain working capital for when the time is right with launching your career. Whether or not you are a couple years into practice, or a well established doctor, you can rely on us to find a home loan that is specifically tailored for your needs.

A lot of doctors in Alexandria Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or very little to no work history.

Despite these factors smart financial institutions know that doctors are a good choice due to the fact that they traditionally have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply speaking with the right home loan officer makes a tremendous difference.

Benefits of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Buying a house doesn’t need to drain your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

Suppose you have some money to put down or are considering delaying until you have the cash?

Our loan providers can do the math for you and show you what each scenario looks like and the benefits of each too.

In most circumstances, you’ll get your mortgage loan paid off earlier and save thousands on interest too.

Additionally, don’t forget that having equity in your home will offer greater security and overall flexibility, specifically if something unanticipated happens. With the 100% financed physician mortgage loan, you should anticipate to begin underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the home.

Whether you’re relocating down the road, across town or across the country, we are right here to help you throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Alexandria Virginia physician loan program!

Less than an hour ago, doctors just like you requested a loan from the locations listed below.

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